S 
0.04
0.00%
Close of 2 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$73.6m
FY2017FY2026
Net income
−HK$6.9m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$69.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$73.6m | HK$98.2m | HK$90.3m | HK$116.1m | HK$132.9m | HK$138.7m | HK$217.3m | HK$507.8m | HK$498.6m | HK$651.4m |
| Gross profit | HK$11.8m | HK$7.6m | HK$10.0m | HK$6.0m | HK$7.7m | HK$977,000 | HK$21.1m | HK$51.8m | HK$40.2m | HK$29.3m |
| Operating income | −HK$7.8m | −HK$13.9m | −HK$19.4m | −HK$14.0m | −HK$11.0m | −HK$22.4m | HK$2.7m | HK$20.6m | HK$8.3m | HK$6.9m |
| Net income | −HK$6.9m | −HK$10.3m | −HK$19.2m | −HK$14.1m | −HK$12.0m | −HK$22.5m | HK$2.4m | HK$16.1m | HK$8.3m | HK$5.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.03 | 0.00 | 0.02 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$92.4m | HK$105.6m | HK$136.5m | HK$144.9m | HK$170.2m | HK$179.5m | HK$242.2m | HK$270.3m | HK$283.7m | HK$304.7m |
| Cash and short-term investments | HK$25.5m | HK$22.8m | HK$23.1m | HK$45.5m | HK$39.2m | HK$54.8m | HK$131.4m | HK$93.1m | HK$89.6m | HK$71.8m |
| Total liabilities | HK$22.9m | HK$29.2m | HK$52.0m | HK$41.2m | HK$52.6m | HK$49.9m | HK$82.6m | HK$106.1m | HK$111.8m | HK$150.8m |
| Debt | HK$628,000 | HK$1.5m | HK$2.6m | HK$1.9m | HK$7.4m | HK$6.4m | HK$7.7m | HK$5.0m | HK$8.5m | HK$5.0m |
| Shareholders' equity | HK$69.5m | HK$76.4m | HK$84.4m | HK$103.7m | HK$117.6m | HK$129.6m | HK$151.5m | HK$164.2m | HK$166.5m | HK$153.9m |
| Shares outstanding | 923m | 923m | 796m | 796m | 796m | 800m | 800m | 801m | 805m | 806m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −HK$12.5m | −HK$20.8m | HK$12.7m | −HK$13.5m | −HK$93.3m | HK$25.2m | HK$15.5m | HK$9.9m | HK$12.5m |
| Capital spending | — | — | −HK$327,000 | −HK$379,000 | −HK$537,000 | −HK$344,000 | −HK$48.7m | −HK$1.6m | −HK$187,000 | −HK$825,000 |
| Free cash flow | — | −HK$12.5m | −HK$21.1m | HK$12.3m | −HK$14.1m | −HK$93.6m | −HK$23.5m | HK$13.9m | HK$9.7m | HK$11.7m |
| Dividends paid | — | — | — | — | — | — | −HK$20.0m | −HK$20.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$37.7m | HK$35.9m | HK$17.9m | HK$51.9m | HK$26.0m | HK$23.1m | HK$23.1m | HK$59.5m |
| Gross profit | HK$6.7m | HK$5.0m | HK$2.5m | HK$4.9m | HK$2.4m | HK$1.4m | HK$1.4m | HK$4.1m |
| Operating income | −HK$1.4m | −HK$2.7m | −HK$1.2m | −HK$6.5m | −HK$1.9m | −HK$3.7m | −HK$3.7m | −HK$4.2m |
| Net income | −HK$4.8m | −HK$2.1m | −HK$1.0m | −HK$3.4m | −HK$1.7m | −HK$3.5m | −HK$3.5m | −HK$1.3m |
| Diluted earnings per share | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | −HK$1.0m | −HK$1.0m | −HK$12.0m | — | −HK$5.0m | −HK$5.0m | −HK$10.0m |
| Total assets | HK$92.4m | HK$99.4m | HK$99.4m | HK$105.6m | HK$105.6m | HK$101.9m | HK$101.9m | HK$136.5m |
| Cash and short-term investments | HK$25.5m | HK$19.7m | HK$19.7m | HK$22.8m | HK$22.8m | HK$18.9m | HK$18.9m | HK$23.1m |
| Debt | HK$509,000 | HK$889,000 | HK$529,000 | HK$1.5m | HK$1.4m | HK$1.8m | HK$1.4m | HK$2.6m |
| Shareholders' equity | HK$69.5m | HK$74.3m | HK$74.3m | HK$76.4m | HK$76.4m | HK$77.5m | HK$77.5m | HK$84.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.1% | -11.9% | -18.4% |
| Operating income | -17.7% | -19.0% | — |
| Net income | -21.1% | -21.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.3% | 9.4% | 6.8% | 7.3% |
| Operating margin | -12.6% | -14.6% | -13.6% | -1.0% |
| Net margin | -10.0% | -13.4% | -13.1% | -1.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -4.3 | -0.9 | -3.1 | -5.7 | -4.5 | 51.0 | 8.4 | 21.9 | 33.8 |
| Price to sales | 0.5 | 0.5 | 0.2 | 0.4 | 0.5 | 0.7 | 0.6 | 0.3 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Nov 2019.
| FY2020 | FY2019 | |
|---|---|---|
| Paid in the year | 0.00 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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